UAE’s Private Business Activity Rose in May
Activity in United Arab Emirates’ private business sector registered a three-month high in May, reported HSBC. That was due to a jump in the...
Middle East CEOs Optimistic about Growth
A region often associated with political crises and oil production, the Middle East is also a region where the chief executives are the most...
IMF’ MENA Regional Economic Outlook Defines the Road Ahead
The International Monetary Fund (IMF) launched today its Regional Economic Outlook Update for the Middle East North Africa, Afghanistan, and Pakistan region (MENAP). The...
Businesses in Dubai foresee rising demand and higher profits in Q2...
Businesses in Dubai are confident of growth trends continuing to the second quarter of 2013, shows the quarterly business confidence survey conducted by the...
Dubai issues 4% more business licenses in Q1 of 2013 than...
Department of Economic Development issues 4,582 licences in Q1 of 2013
Key economic sectors and activity in Dubai remained stable and growing in during the...
Consumer confidence in Dubai strengthens on better job prospects
Survey shows 90% of consumers happy with the current state of economy and 95% anticipating stronger economic performance in 2013
Optimism is running deep while...
Better Outlook for Global Economy; Some Risks Remain
International Monetary Fund (IMF) Managing Director, Christine Lagarde said the outlook for global economy is already starting to improve, with an essential part of...
UAE’s Consumer Price Index Down in February 2013
The overall Consumer Price Index (CPI) dropped 0.15% to 117.24 in February from 117.41 in January 2013, and with comparison with the base year...
Inflation in Dubai down 0.03% in February
Overall inflation of Consumer Price Index (CPI) in Dubai dropped by 0.03% in February 2013 compared to the same period in 2012, driven by...
Fitch lowers GCC economic growth forecasts
High oil production and prices will still underpin further robust non-oil growth, said the ratings agency in its newly-published quarterly GCC Sovereign Credit Overview.
Oil...
UAE the Best Arab Country for Starting New Business
The United Arab Emirates was found to be the best Arab country for starting new business and investment projects. That conclusion was made by...
GCC Economic Development and Outlook 2013
GCC nominal GDP reached about US$ 1.56 trillion in 2012, up from US$ 1.44 trillion in 2011; UAE economy to grow by 3.2% in...
Business confidence in Dubai soars on rebound in key sectors
Economic activity and outlook demonstrates stable growth and move towards sustainability
The economy of Dubai looks set to sustain its growth momentum with investor confidence...
Dubai may open up business for Gulf residents
DED committee to study allowing GCC nationals to form foreign partnership firms without locals
The Department of Economic Development (DED) in Dubai has formed a...
Number of business licenses issued in Dubai rose 6% in December...
The Dubai Department of Economic Development (DED) issued 1,372 various types of business licenses in Dubai in December 2012, a 6% increase from the...
Gulf population expected to increase by 30% in 7 years
Till 2020, the GCC population is expected to reach 53.5 million, a 30 % increase over the scale from 2000. In the same period,...
2013 Predictions: Global Economy to Stabilize
After 2010, the global economy continued its downturn and in 2012 it reached its lowest levels since decades. Many countries went into recession, including...
UAE GDP growth to hit 4.5% in 2012
The UAE's gross domestic product (GDP) growth is expected to reach 4.5 per cent by the end of the current year, surpassing last year's...